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Nov 27, 2012
11/12
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neil: it would be a tax, a climate tax, really? >> no,. neil: what do you doll th call g crazed. >> we have promised to give to global climate fund. neil: if you are paying that money, that is more money than you pay now, so, -- -- what it is a dessert. >> part of our shared responsibility? we have a responsibility. neil: you don't call that a tax? >> it's not a tax. >> what it is. >> a shared responsibility. neil: if you force me to give you money, i don't have to call it a tax, but it sure as hell will feel like a tax. >> you are giving me the money, i'm not forcing you to give me the money, it is in our shared interest to give me that. neil: you tell that to the wealthy countries, you think they will go along, and say she is absolutely right. >> if they were smart, they would. >> what do you say 10 years from now, are still a young woman i will belong retired, but, 10 years, and it has not done squat. you say oh, my god, it is all wrong. >> it won't, because investment will be worth a -- it will payoff. without these countries, adapting
neil: it would be a tax, a climate tax, really? >> no,. neil: what do you doll th call g crazed. >> we have promised to give to global climate fund. neil: if you are paying that money, that is more money than you pay now, so, -- -- what it is a dessert. >> part of our shared responsibility? we have a responsibility. neil: you don't call that a tax? >> it's not a tax. >> what it is. >> a shared responsibility. neil: if you force me to give you money, i don't...
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Nov 28, 2012
11/12
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FBC
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when you tax something usually get less of it, like cigarette taxes to curb smoking or carbon tax to curb carbon emissions. financial advisers say individual investors are considering doing their investing elsewhere. other countries because of the higher taxes. now, the investing mobile bullies that wealthy folks should have to pay a minimum tax. look. there is alrady an alternative minimum tax set up with just that idea, to catch of the scofflaws who don't pay their fair share. unfortunately the brain surgeons on capitol hill have never in next the tax for inflation. knight captures 4 million americans, many of which it would be a strain to consider wealthy. even if you had of -- led all the bush tax cut expired the renue would only fund the government for eight half day aid now have days. we nd a better solution than that. the comments are based on the idea that there are no unintended consequences of government policy. people embrace changes, and the world keeps on spending. i believe that results would be catastrophic. capital flight to my jobs left unfilled, weaken the economy,
when you tax something usually get less of it, like cigarette taxes to curb smoking or carbon tax to curb carbon emissions. financial advisers say individual investors are considering doing their investing elsewhere. other countries because of the higher taxes. now, the investing mobile bullies that wealthy folks should have to pay a minimum tax. look. there is alrady an alternative minimum tax set up with just that idea, to catch of the scofflaws who don't pay their fair share. unfortunately...
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Nov 27, 2012
11/12
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FOXNEWSW
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and the president can push the tax the tax rates on the rich but the republicans are creeding more tax grounds on potentially adding to that with limited deductions on the wealthy, or, say, they focus only on deductions there is a scenario where they limit the deductions and write offs and the rich pay more in taxes than they would if they just raised the rates behalf, to where they were during the time of bill clinton? >> and that is why everything is just talk. just talk. >>neil: you think they will have an incredible deal by the end of the year? >>guest: i have told you before, i'm slightly optimistic. you cannot be more than that when it comes to negotiations. >>neil: since the ice cream bet you hedging because i think you know you got lucky and now you hedge a lot. you sound like a tv anchor. >>guest: i don't want do lose a bet but cut while i'm ahead and i am not irrationale. i don't think either the president or congress wants to become unpopular and congress now is at 18 percent again, do they want to go to system digits? i don't think so. >>neil: grover norquist was here and h
and the president can push the tax the tax rates on the rich but the republicans are creeding more tax grounds on potentially adding to that with limited deductions on the wealthy, or, say, they focus only on deductions there is a scenario where they limit the deductions and write offs and the rich pay more in taxes than they would if they just raised the rates behalf, to where they were during the time of bill clinton? >> and that is why everything is just talk. just talk. >>neil:...
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Nov 27, 2012
11/12
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that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the government taking a dollar aaway, that dollar is not available to be invested. the return on that dollar is zero. for buffet to not understand if you take money out of the economy it's gone is a little bit odd. he's willing to write it. if he wants to write a check, he should write a check and shut up about what everyone else should do. >> the richest guy in america things he should make more taxes. >> then do so. >> fwri in policies that make all people do that. grover as always combative fun and good to talk with you. a man
that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the...
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Nov 28, 2012
11/12
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did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good morning, everyone. thank you for being here. i am the president of the center for american progress. we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have
did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good...
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Nov 28, 2012
11/12
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FBC
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man are they very create on the tax front. now tax of a higr gas tax to fund construction projects. to slash all deducts and exemptions not just for the rich even adjust mortgage formula for example, likely veros in those taxpayers below $250,00 $250,000 threshold, more like a hundred grand crowd now. a health care surtax on the rich to cover a program whose costs are already spiralling. but not much cost on underlying abuses, you see a pattern here. i do not care whether you are on the left or right, the way we're going about this is not fair. no creative solutions to cut spending, a lot of ideas to raise revenues. taking a shine to spending our money, but never saving us money. we'll debate this. with wealth manager. if you want to look serious you need to put big spending cuts on the table. and we have, i just call him my toke an liberal friend. rick yo unger. you are not buying this. >> i see some, but the problem, you have to be careful not to create a new disaster by trying to solve another one, in 1980, 83% of americans had a defined pension benefit plan at work today that is
man are they very create on the tax front. now tax of a higr gas tax to fund construction projects. to slash all deducts and exemptions not just for the rich even adjust mortgage formula for example, likely veros in those taxpayers below $250,00 $250,000 threshold, more like a hundred grand crowd now. a health care surtax on the rich to cover a program whose costs are already spiralling. but not much cost on underlying abuses, you see a pattern here. i do not care whether you are on the left or...
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Nov 21, 2012
11/12
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sales taxes are up. most americans are paying more in taxes than ever before. at the same time wealthy americans are paying less than ever before. this is an appropriate move. >> we'll be talking more about social security taxes and also goldman sachs. you'll enjoy that, robert. but neera, you know the hill better than anyone. will they get this done by the end of the year? or are there sticking points we're not seeing? >> this is the most optimistic i have ever been. and you know, that's not saying a lot sometimes because this whole debate around the budget has been like losing the football for awhile. but i actually think that you're seeing republicans moving in a way that they obviously didn't do, and you're seeing an understanding -- what i think is really important is there are a lot of people like bill crystal coming forward, governors are trying to make a play here. they represent whole states as well. so i think you're seeing a kind of break in this impass or fever that we haven't seen in the past. as you said, there's reasonable common ground to make i
sales taxes are up. most americans are paying more in taxes than ever before. at the same time wealthy americans are paying less than ever before. this is an appropriate move. >> we'll be talking more about social security taxes and also goldman sachs. you'll enjoy that, robert. but neera, you know the hill better than anyone. will they get this done by the end of the year? or are there sticking points we're not seeing? >> this is the most optimistic i have ever been. and you know,...
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Nov 27, 2012
11/12
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once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge on a technicality. if they wait for the rates to expire on their oath, then they don't have to vote for a rate increase. that really honoring the spirit of this commitment? >> i don't think it is. if that's what it takes to get people to reality, we've been waiting for many years for republican legislators to kind of recognize reality, and people thought, okay, the 2008 election. that will really sort of wake them up and think we have to compromise on issues of taxation. no it didn't. people thought maybe 2012 will do the trick. we see them edge from this. i think their minds
once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge...
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Nov 27, 2012
11/12
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CURRENT
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. >> i myself am opposeed to tax increases. >> i don't think if you raise taxes 100% on the wealthy. you're not going to fix the revenue problems. >> all our democratic colleagues want to talk about is more taxes, more taxes more revenue. >> we never cut spending. >> you want additional revenue by capping deductions. >> i will not raise tax rates to do it. i will cap deductions. >> cenk: aah, so they don't want to raise the rates. what they want to do is take away things like your home mortgage deduction. you know who that hits, the middle class. of course! of course! they're going to take most of it from the middle class. you think they're going to give up tax cuts to the rich? this republican party? it's mainly a trick. nonetheless, grover norquist said not enough, nin nin nin is that too much. >> they need to focus on reforming government not raise taxes to pay for bigger government each year. it's not working. it's not easy. but throwing up your hands and saying maybe i'll throw up taxes instead of governing is not the way to go. >> cenk: you know raising taxes is also governing.
. >> i myself am opposeed to tax increases. >> i don't think if you raise taxes 100% on the wealthy. you're not going to fix the revenue problems. >> all our democratic colleagues want to talk about is more taxes, more taxes more revenue. >> we never cut spending. >> you want additional revenue by capping deductions. >> i will not raise tax rates to do it. i will cap deductions. >> cenk: aah, so they don't want to raise the rates. what they want to do...
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Nov 27, 2012
11/12
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he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you know it's not. >> bob: i'm getting rap for people making half a billion snore if you do, what president obama is suggesting, raise taxes on the 250 and above you come up with 82 to $83 billion. >> bob: take in account the spending cuts that come in to that. >> dana: what spending cuts? show us. i would love to see any spending cuts. i'll believe it when i see it. >> brian: i think we have to give credit to producers of this world and not vilify them. we have to do what will allow them to grow the economy. to hire more people. >> eric: online for this -- >> brian: leave it there. >> eric: co
he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you...
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Nov 26, 2012
11/12
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minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services committee said automatic cuts to government spending could impact public safety. >> i think you should be worried if you have a defense job and we all ought to be worried whether we are dependent upon other aspects of the federal budget. whether we're worried about the regulation of our food safety, whether we're worried about our borders being secure, whether we're worried about fbi being supported, it's all affected by sequestration. >> joining me now, cnbc washington reporter eamon javers. you heard the numbers we just ran down. what is the short-term t
minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services committee said automatic cuts to government...
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Nov 29, 2012
11/12
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on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
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Nov 27, 2012
11/12
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he sees you know, create a carbon tax, you could get higher taxings on a more efficient system and people would be okay to do that and he sees here that if you use tax reform to raise revenues, you can't use it to lower rates and he is right. that's why the white house is saying in the clip you plays from carney earl yes, they are not very open to letting tax reform to be the only way we get new revenue. >> grover wants smaller government and he adopted the star of the beast strategy of. thank you for joining me. coming up, the republican party looks for ways to avoid having michele bachmann or anyone like her ever be a front-runner again for that party's presidential nomination. karen finney and david corn will join me on that. later, pat robertson thinks athiests are miserable and want christians to be unhappy. a very happy atheist will bring him wrong. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for chris
he sees you know, create a carbon tax, you could get higher taxings on a more efficient system and people would be okay to do that and he sees here that if you use tax reform to raise revenues, you can't use it to lower rates and he is right. that's why the white house is saying in the clip you plays from carney earl yes, they are not very open to letting tax reform to be the only way we get new revenue. >> grover wants smaller government and he adopted the star of the beast strategy of....
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Nov 21, 2012
11/12
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CURRENT
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no new taxes pledge. grover norquist's pledge. but now with the fiscal cliff looming, lawmakers who were once staunchly against raising revenues seem to be changing their tone a little bit. and grover norquist's influence may be fading fast. >> fewer and fewer people are signing this pledge. >> the pledge is dead. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out. >> if you appropriate some of the money you achieved by eliminating deductions and loopholes to the national debt, even though that may technically violate the pledge, sign me up. that's a reasonable accommodation for a republican to make. >> jennifer: for the record, that was senators john mccain and lindsey graham so the question is this grover norquist's last stand? here with an answer is donnie fowler. donnie of course, democratic strategist and great political operative. welcome back into "the war room." is it grover norquist's las
no new taxes pledge. grover norquist's pledge. but now with the fiscal cliff looming, lawmakers who were once staunchly against raising revenues seem to be changing their tone a little bit. and grover norquist's influence may be fading fast. >> fewer and fewer people are signing this pledge. >> the pledge is dead. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out....
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Nov 28, 2012
11/12
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CSPAN2
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is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree with me that regulation derives -- you are pregnant or not pregnant. you either have state regulation or you don't. there is no alternative third way. >> i would agree with my hon. friend. is it a free press? absolutely vital for free democracy? we should recognize all the press has done and should continue to do to uncover wrongdoing, stand up to the powerful. whatever changes we make we want a robust and free press in our country. >> research by the charity save the children, reveals shockingly that in our country when seven children does not have a warm coat this win
is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree...
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Nov 28, 2012
11/12
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they're for tax changes that would save their companies over $100 billion a year. to take a hard look at the views these ceos are espousing let's bring in bill cohen bloomberg view columnist and author of "money and power" how goldman sachs came to rule the world. and lynn, let me start with you is this campaign to fix the debt just a trojan horse behind which the ceos are trying to implement? things that would be really good for them? >> i think it is. i think they were really hoping some of them that mitt romney might win the election and get some of these things done without them having to go public but now, as we just saw lloyd blankfein and others are going on a public campaign to convince americans we can't afford social safety net programs and they need a windfall and tax breaks. the spirit of giving is a little hard to find among some of them. >> eliot: bill, you have been critical of your former brethren on wall street. you've been rational. you have to admit they're not the best messengers for this right now. >> they're terrible messengers. i don't really
they're for tax changes that would save their companies over $100 billion a year. to take a hard look at the views these ceos are espousing let's bring in bill cohen bloomberg view columnist and author of "money and power" how goldman sachs came to rule the world. and lynn, let me start with you is this campaign to fix the debt just a trojan horse behind which the ceos are trying to implement? things that would be really good for them? >> i think it is. i think they were really...
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Nov 28, 2012
11/12
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CNBC
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we said to the voters we will keep taxes low and not increase taxes. how dare anyone else keep us to the promises that got us ele elected. that the moment these people are are primed. they are going to be reaganites. the moment that they are challenged. >> i can tell you this. not one drop of revenue should be put on the table until we have massive across the board spending reductions and entitlement reform. that is what is missing. the gop should stand up and say not one drop of revenue until you show me good faith with the spending reduction you all talk about except when it comes time to do something about it. and step b is that the small business community should say not one pens penny until i know you are not going to screw me. >> a quiz. well the answer is coming up next. it is the energy boom that is the brightest spot in our dull and amenemic economy. does the republican party have a front-runner for 2016 could be. don't forget. free market capitalism. we are about to prove it again in 2:00 when the kudlow report comes right back. [ male announ
we said to the voters we will keep taxes low and not increase taxes. how dare anyone else keep us to the promises that got us ele elected. that the moment these people are are primed. they are going to be reaganites. the moment that they are challenged. >> i can tell you this. not one drop of revenue should be put on the table until we have massive across the board spending reductions and entitlement reform. that is what is missing. the gop should stand up and say not one drop of revenue...
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increase tax top tax and he was bent over the way he was wrong. nixon defended a he was wrong or can't either but so is right but tom nobody was paying ninety percent for real because there's because what happens is the democrats when they had three million dollars a quick take on audio but everybody did their businesses so that they could pay their employees of these away democrats raise the rates so that they can sell deductions that's how the game is played that is well that's how they always corazon republicans want to lower the rates that so you can't sell deductions if the rates are low the reality though is that during that period of time when the top tax rate topping them tax rate was ninety one seventy four percent from from one hundred thirty five one hundred thirty three nine hundred thirty three ok no until until the eisenhower here in the regular mr ok during that period of time you had you had c.e.o.'s who were not living in mansions they were you know and only one private well you had some people who were having rich you didn't have
increase tax top tax and he was bent over the way he was wrong. nixon defended a he was wrong or can't either but so is right but tom nobody was paying ninety percent for real because there's because what happens is the democrats when they had three million dollars a quick take on audio but everybody did their businesses so that they could pay their employees of these away democrats raise the rates so that they can sell deductions that's how the game is played that is well that's how they...
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Nov 26, 2012
11/12
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FOXNEWSW
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when you throw in the higher state taxes in cities and states promising millionaire tax hikes, not just affecting if millionaires. that brings us to 60%. that is 15 points higher. this isn't specious math. this is logical math. courtesy of the republican strategy hellbent on ignoring that for fear of getting it on rates. the republicans risk being snookered by the democrats who know the opponent's number. blinded in the grand old quest to keep rates moving up, they don't see the other side just taken them to cleaners. we are going to debate this tonight. you can watch other choices. but you can still watch him and watch me. i am a nice appetizer then. that's how i look at it. appetizer. if you did online shopping i'd be a good buy. you know a lot about the cyber bye. >> demand it! >> no. >> you were shopping. >> i was not. not doing anything. >> you were. >> was not. >> that is a laptop.
when you throw in the higher state taxes in cities and states promising millionaire tax hikes, not just affecting if millionaires. that brings us to 60%. that is 15 points higher. this isn't specious math. this is logical math. courtesy of the republican strategy hellbent on ignoring that for fear of getting it on rates. the republicans risk being snookered by the democrats who know the opponent's number. blinded in the grand old quest to keep rates moving up, they don't see the other side just...
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Nov 21, 2012
11/12
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KQEH
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rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless? >> what he said was that he supports the idea of revenue have economic growth and tax reform as part of getting revenue for the government. we need to do that. revenue today is at an all-time low because the economy is so bad. we have 10 million fewer people working than if we have a reagan-style recovery. obama's recovery has 10 million unemployed people. more jobs, more people working, more revenue. that is what boehner said a year ago, that he wanted to do in some sort of grand bargain, and that's what he said again. >> but when the speaker came out of the meeting at the white house, he said he was open to doing the tough things, putting mo
rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless? >> what he said was that he supports the idea of revenue have economic growth and tax reform as part of...
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77
Nov 29, 2012
11/12
by
FBC
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eye 77
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it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look, republicans need to compromise. they need to keep tax cuts in place forpeople earning $250,000 and less. heays it's time to make a change and now people on the hill saying that the g.o.p. is splintering. what do you say? >> that's not true. actually, what tom was trying to say was it's a tax call thing. tom is against raising taxes on any level. he's against raising taxes on all folks, but have agreement with the president onhis group that's $250,000 and less, clear the table and make the bracket.ions in the upper he's against raising r
it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look,...
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Nov 28, 2012
11/12
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we know an increase in the marginal tax rates, that's a tax increase. but what about capping deductions? from your standpoint of the pledge, would that be considered a violation of the pledge to cap deductions, as some republican lawmakers are now suggesting? >> this is not a trick question. the pledge says no raising rates, no broadening the base unless rates come down dollar for dollar. the pledge is only two sentences but they are very clear. one of the reasons why eliminating deductions and credits, obama wants a trillion plus dollars worth of tax increase that way, is that if you do that, you've just got a tax reform for decades to come, because how do you reduce marginal tax rates so we can become competitive in the world on the corporate and the individual side, if you have already given away to the appropriators and spenders all the deductions and credits. >> one final question, grover. it seems some liberals out there want to make this personal. more and more about you, about your role in encouraging these republicans by and large to support th
we know an increase in the marginal tax rates, that's a tax increase. but what about capping deductions? from your standpoint of the pledge, would that be considered a violation of the pledge to cap deductions, as some republican lawmakers are now suggesting? >> this is not a trick question. the pledge says no raising rates, no broadening the base unless rates come down dollar for dollar. the pledge is only two sentences but they are very clear. one of the reasons why eliminating...
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Nov 22, 2012
11/12
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it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? however many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see his plan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i cannot get into a lot of details -- i think it is unrealistic to expect next week we will
it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country....
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Nov 28, 2012
11/12
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pledge created by the president of americans for tax reform, grover norquist. but now some republicans are an ban toni donning the anti-tax pledge as fast as they abandoned -- what's his name? don't help me, don't help me.fas his name? don't help me, don't help me. rip flam bay. >> thousand about entertainment news. maybe angus t. jones doesn't want you to stop watching after all. he released an apology after claiming viewer shoes stop watching it. in his statement he says he has the high he is respect for all the people he works with and is thankful for the opportunities they have given to him. >>> all right. so former co-star charlie sheen has also decided to weigh in. knew that was coming, too. he says it is clear to him that the show is cursed. >>> and recently we reported that the onion named kim jong-un 2012's sexiest man alive. all right. the joke was apparently lost on china's communist party newspaper. they went on to run a 55 page photo spread of the leader c congratulating him for the title. you can see how this would be confusing. >> very confusing.
pledge created by the president of americans for tax reform, grover norquist. but now some republicans are an ban toni donning the anti-tax pledge as fast as they abandoned -- what's his name? don't help me, don't help me.fas his name? don't help me, don't help me. rip flam bay. >> thousand about entertainment news. maybe angus t. jones doesn't want you to stop watching after all. he released an apology after claiming viewer shoes stop watching it. in his statement he says he has the high...
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Nov 29, 2012
11/12
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top 1% pay almost half of the income tax. when the president says it's bad to raise taxes on everyone, that would be taxmageddon, then says i want to raise it on 40% of the nation's income. i think that is a big mistake. it is better to leave the money in the hands of those who earned it. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone rich or anyone. what about capping deductions, eliminating loopholes, stuff like that. are you open to that? >> yes, if it is for tax reform. if we were to lower rates. for example, i think you could lower the top rate from 35 to 33 and get more revenue and get rid of some deductions at the same time. but i'm not going to vote to bring more revenue to washington. i want less money coming to washington, less money spent up here. that's how you get the my to grow. we're not going to have more economic growth if we send more money to washington. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out
top 1% pay almost half of the income tax. when the president says it's bad to raise taxes on everyone, that would be taxmageddon, then says i want to raise it on 40% of the nation's income. i think that is a big mistake. it is better to leave the money in the hands of those who earned it. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone rich or anyone. what about capping deductions, eliminating loopholes, stuff like that. are you open to...
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Nov 28, 2012
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and make them pay more taxes. how $250,000 got to the point where that's the, quote, middle class is beyond my comprehens n comprehension. 100 would have been more appropriate for more real live people. he's going to get that. hopefully he can do it without doing rate increases, which are going to cost. anybody who is, quote, rich shouldn't mind paying more taxes. i don't understand that at all. and i don't understand that somebody, if you let them earn more money is going to use it to hire people. they may likely buy another kind of rig or a toy or something like that. i don't know. but all i know is one thing, you can't cut -- you can't cut spending away out of this hole, you can't tax your way out of this hole and you can't grow your way out of this hole. you have to have everything. have to have it. >> well, grover norquist was at a political playbook breakfast with mike allen, we'll talk to mike in a few moments, here's norquist talking about what he calls impure thoughts. i think that has something to do wit
and make them pay more taxes. how $250,000 got to the point where that's the, quote, middle class is beyond my comprehens n comprehension. 100 would have been more appropriate for more real live people. he's going to get that. hopefully he can do it without doing rate increases, which are going to cost. anybody who is, quote, rich shouldn't mind paying more taxes. i don't understand that at all. and i don't understand that somebody, if you let them earn more money is going to use it to hire...
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Nov 28, 2012
11/12
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anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since the shellacking you guys took in the election. what is your reaction to the pretty poor defeat? >> well, i think that we got to look at everything that we're doing. i think that's what we have to do. i don't think you can draw any quick conclusions other than the fact that we lost and we know that. but i think in order to get back in the game, you've got to look at and do a full autopsy of what happened, what we did well, what we didn't do well, what we can do better in the next year with two governors' races coming up and two years later, then four years from now. so what we're going to do is we want to bring everyone together. leaders from across the countr
anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since the shellacking you guys took in the election. what is...
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Nov 29, 2012
11/12
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
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Nov 27, 2012
11/12
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everybody's talking about increasing the tax -- tax revenue on the rich. why aren't we talking about cutting the spending? how about, first of all, we start with a budget that harry reid under his leadership in the senate has not passed a budget in over three years. so to cut, you have to have a budget. and then let's start with the cuts that were promised to reagan and george h.w. bush that never came through. when they gave the tax increases and the cuts never came through. let's start there and let's go forward. >> amy kremer, thanks for coming on the program. >> thanks for having me. >>> more protests in egypt. hours before a huge rally against mohamed morsi. many had been camping out for the demonstration against the president who issued several decrees last week that gives him almost absolute power. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9
everybody's talking about increasing the tax -- tax revenue on the rich. why aren't we talking about cutting the spending? how about, first of all, we start with a budget that harry reid under his leadership in the senate has not passed a budget in over three years. so to cut, you have to have a budget. and then let's start with the cuts that were promised to reagan and george h.w. bush that never came through. when they gave the tax increases and the cuts never came through. let's start there...
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Nov 28, 2012
11/12
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but what i want to tell you is that ronald reagan agreed to tax reform that led to lower tax rates but also higher tax revenues from rich folks because it got rid of loopholes and deductions. >> stephen: you lower tax rates, revenues get higher. i already said that earlier. >> it's a complicated thing. >> stephen: it's not complicated lower/higher. >> you can get revenue gains from making it cleaner and fairer and more transparent and that's what republicans --. >> stephen: wait, simplifying the tax code, closing loopholes, is that not raising taxes? are those two things different? >> you have hit on a very tricky and important issue, stephen, which is that, yes, there's a way to raise average tax rates on high earners without raising the marginal tax rate on high earners. >> stephen: wow, i'm interested in what you just said and yet it's incrediblebly boring at the same time. (laughter) >> fair enough. i'm trying to say that you can industrial a 35% top rate and say wait a second, rich people are not able to take the same kind of deductions that take take under today's tax code. >> st
but what i want to tell you is that ronald reagan agreed to tax reform that led to lower tax rates but also higher tax revenues from rich folks because it got rid of loopholes and deductions. >> stephen: you lower tax rates, revenues get higher. i already said that earlier. >> it's a complicated thing. >> stephen: it's not complicated lower/higher. >> you can get revenue gains from making it cleaner and fairer and more transparent and that's what republicans --. >>...
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Nov 26, 2012
11/12
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the extension of this tax relief is included in a larger tax cut bill that was passed out of the senate finance committee but again, like all other tax relief, it faces the danger of of the fiscal cliff. it's not just the mortgage settlements involved here. short sales have been a huge part of this housing recovery and if you have to pay taxes on a short sale -- let me tell you, most of those borrowers are just going to opt to go into foreclosure. sue? >> understandably so. diana, thank you very much. >>> up next, we're analyzing the analysts. on tap today, facebook, yahoo! and rimm. >>> plus we'll talk live with the ceo of land's end to get his take on the official kickoff of the holiday shopping season. you're watching "power lunch" on cnbc. >>> the national debt grew $112 million per month, on average, between june 2011 to june 2012. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as
the extension of this tax relief is included in a larger tax cut bill that was passed out of the senate finance committee but again, like all other tax relief, it faces the danger of of the fiscal cliff. it's not just the mortgage settlements involved here. short sales have been a huge part of this housing recovery and if you have to pay taxes on a short sale -- let me tell you, most of those borrowers are just going to opt to go into foreclosure. sue? >> understandably so. diana, thank...
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Nov 26, 2012
11/12
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grover norquist's tax pledge could be history. and all eyes are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the speaker does have to b negotiating a deal. >> i did a spit take with my fruity pebbles watching "morning joe" because eric cantor's tone was unlike anything i've ever heard. his office is saying oh, no, he's against raising marginal rates, but it's clear that in the scheme of things, the biggest piece is does john boehner have enough running room to strike a deal involving some new revenue. i still am of the belief that the vote in the house, which will be a cliff hanger no matter what happens amongst the leaders in the white house, it will be a tough vote. i t
grover norquist's tax pledge could be history. and all eyes are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the...